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Focus on Sustainability to Drive Innovation and Growth in Medical Devices Packaging Market

The medical devices packaging market is growing as the healthcare industry witnesses rapid changes due to the outbreak of new diseases, increasing regulatory norms, and growth in advanced healthcare systems.
The medical devices packaging market was valued at $29.3 billion in 2019 and is expected to reach a value of $41.9 billion by 2025, growing at a CAGR of 6.1% from 2020-2025.
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residential construction

Builder Confidence Posts Solid Gain in May Following Historic April Drop

The May rise in builder sentiment follows the largest single monthly decline in the history of the Housing Market Index in April.

In a signal that the housing market is showing signs of stabilizing and gradually moving forward in the wake of the COVID-19 pandemic, builder confidence in the market for newly built single-family homes increased seven points to 37 in May, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).


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Strong Growth Projected for Global Car Sharing Market

Increasing at a CAGR of over 16%, the car sharing market is estimated to see incremental growth of $7.65 billion by 2024.
The car sharing market is likely to experience steady growth from 2020-2024 because of stringent government regulations regarding emission control and increasing investments in car sharing by automobile manufacturers.
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residential construction

Housing Affordability Declines Due to Economic Losses Stemming from COVID-19 Pandemic

In all, 61.3% of new and existing homes sold between the beginning of January and end of March, 2020, were affordable to families earning an adjusted U.S. median income of $72,900.

Surging job losses in March stemming from the COVID-19 pandemic contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020, according to the most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).


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New NAHB Index Finds Ongoing COVID-19 Pandemic is Causing Remodeling Activity to Slow

Concerns regarding the spread of COVID-19, combined with high unemployment and other factors, are reducing remodeling activity.
The National Association of Home Builders (NAHB) recently announced that it redesigned its Remodeling Market Index (RMI) in the first quarter of 2020 to ease respondent burden and improve its ability to interpret and track industry trends.
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COVID-19 coronavirus

Builder Confidence Posts Historic Decline in April Due to Coronavirus Pandemic

The decline in April was the largest single monthly change in the history of the index and marks the lowest builder confidence reading since June 2012.

Reflecting the growing effects of the COVID-19 pandemic, builder confidence in the market for newly built single-family homes plunged 42 points in April, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).


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What Impact Does Residential Construction Have on the U.S. Economy?

Building 1,000 average single-family homes creates 2,900 full-time jobs and generates $110.96 million in taxes and fees for all levels of government, according to NAHB’s “National Impact of Home Building and Remodeling” report.

A recent study from the National Association of Home Builders (NAHB) shows that housing stands poised to lead the economic rebound once social distancing and other virus mitigation efforts show success in containing the coronavirus pandemic.


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